In today’s crowded and competitive business environment, start-ups are seeking global opportunities that will rapidly scale their business. To address this need, MasterCard has launched Start Path Global – a unique six-month partnership programme for start-ups that extends Start Path’s existing footprint in a greater number of countries globally across Asia Pacific, the Middle East, Africa, Latin America and Canada.
The programme builds on Start Path’s efforts over the past 18 months to provide a variety of operational support, partnership, or investment for over 40 commerce related start-ups , including Nymi, ZenCard, BillHop and Gone.
Start Path Global puts the start-up first: there is no need for a start-up to relocate and no equity is taken. Instead, they are provided with immediate access to more than 60 MasterCard experts, opening the door to pilot opportunities with MasterCard or MasterCard customers, while retaining full ownership for any intellectual property (IP) developed.
“Start Path connects the right partners with the right start-ups to build the future of commerce together,” said Stephane Wyper, Global Lead of MasterCard Start Path. “And now with our global expansion, we will be able to target a broader range of start-ups and help them achieve success.”
As Start Path expands internationally, start-ups will also benefit from access to Start Path Partners, a group of more than 20 leading companies in banking, retail, and technology including Rakuten, SAMSUNG CARD, TSYS, Target, Bank of Montreal, and Santander InnoVentures. Start Path Partners was created to provide these customers with a first look at unique technologies and to offer start-ups a direct line into these corporates to test their solutions.
“Working with MasterCard Start Path introduces us to disruptive, early stage companies that may have the answers to overcoming the critical pain points facing global commerce,” said Mariano Belinky, Managing Partner at Santander InnoVentures. “Businesses graduating from the Start Path programme should all be well prepared, proven, and ready to go to market. These are just the types of ambitious start-up businesses we’d like to meet.”
How to Apply to Mastercard Start Path Global
Each quarter, MasterCard Start Path will recruit a new class of start-ups to embark on the six-month virtual programme. The application window to join the next class is open until September 18, 2015. To enter, visit: www.startpath.com. The programme is open to all non-US based start-ups who meet the following criteria:
- Solution live in market
- Established and experienced team
- Targeting a sizeable market opportunity in the retail and financial technology space
- Seed or Series A investment recently secured
Up to 18 promising start-ups will be invited to pitch their solutions to the MasterCard Start Path team in London on October 27 and 28, 2015. From there, a final list of six to eight companies will be chosen for the class beginning in early November. The next class will also be invited to attend the first Start Path Global Partner Summit where they’ll have the chance to engage with prospective Start Path Partners and industry thought leaders.
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